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c-2 Interpret the coefficient of determinotion. (Round your answer to one decimal place.) Sof the variation in damage is explained by varialion in distance. d-1. Determine the correlation coefficient (Round your answer to 3 decimal places.) Correlation coefficient d-2 Evoluate the correlotion between the variables. There is a isociation between the variables. d-3. How did you determine the sign of the correlotion coefficient? because the siope is

c-2 Interpret the coefficient of determinotion. (Round your answer to one decimal place.) Sof the variation in damage is explained by varialion in distance. d-1. Determine the correlation coefficient (Round your answer to 3 decimal places.) Correlation coefficient d-2 Evoluate the correlotion between the variables. There is a isociation between the variables. d-3. How did you determine the sign of the correlotion coefficient? because the siope is

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Waterbury Insurance Company wants to study the relationship between the amount of fire damage and the distonce between the burning house and the nearest fire station. This information will be used in setting rates for insurance coverage. For a somple of 30 claims for the last year, the director of the actuarial department determined the distance from the fire station (x) ond the amount of fire damage, in thousands of dollars (y). ANOVA table Source SS df MS F. 41.39 Regression Residual Total 1,870.5782 1,265.4934 3,136.0716 1,870. 5782 45.1962 28 29 Regression output Standard Variables Coefficients Error 3.106 t(df-28) Intercept Distance-X 13.76015 2.914 3.7708 e.5861 6.43 E Click here for the Excel Data File a-1. Determine the regression equation. (Round your answers to3 decimal places.) X. a-2 Is there a direct or indirect relationship between the distance from the fire stotion and the amount of fire damage? The relationship between distance and damage is b. How much damage would you estimate for a fire 4 miles from the nearest fire station? (Round your answer to the nearest dollar amount.) Estimated damage -1. Determine the coefficient of determination. (Round your answer to 3 decimal places.) Coefficient of determination
Transcribed Image Text:Waterbury Insurance Company wants to study the relationship between the amount of fire damage and the distonce between the burning house and the nearest fire station. This information will be used in setting rates for insurance coverage. For a somple of 30 claims for the last year, the director of the actuarial department determined the distance from the fire station (x) ond the amount of fire damage, in thousands of dollars (y). ANOVA table Source SS df MS F. 41.39 Regression Residual Total 1,870.5782 1,265.4934 3,136.0716 1,870. 5782 45.1962 28 29 Regression output Standard Variables Coefficients Error 3.106 t(df-28) Intercept Distance-X 13.76015 2.914 3.7708 e.5861 6.43 E Click here for the Excel Data File a-1. Determine the regression equation. (Round your answers to3 decimal places.) X. a-2 Is there a direct or indirect relationship between the distance from the fire stotion and the amount of fire damage? The relationship between distance and damage is b. How much damage would you estimate for a fire 4 miles from the nearest fire station? (Round your answer to the nearest dollar amount.) Estimated damage -1. Determine the coefficient of determination. (Round your answer to 3 decimal places.) Coefficient of determination
c-2 Interpret the coefficient of determinotion. (Round your answer to one decimal place.) % of the variation in damaga is explained by varialion in distance. d-1. Determine the correlation coefficient. (Round your answer to 3 decimal places.) Correlation coofficient d-2 Evoluate the correlotion between the variables There is a asociation belween the variables. d-3. How did you determine the sign of the correlation coefficient? Il is because the slope is
Transcribed Image Text:c-2 Interpret the coefficient of determinotion. (Round your answer to one decimal place.) % of the variation in damaga is explained by varialion in distance. d-1. Determine the correlation coefficient. (Round your answer to 3 decimal places.) Correlation coofficient d-2 Evoluate the correlotion between the variables There is a asociation belween the variables. d-3. How did you determine the sign of the correlation coefficient? Il is because the slope is
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